Buenos Aires (Argentina) (AFP) – Indian Prime Minister Narendra Modi met Argentine President Javier Milei in Buenos Aires on Saturday, urging the expansion of New Delhi’s preferential trade deal with South America’s Mercosur bloc. The bilateral talks with Milei are the latest in Modi’s whistle-stop diplomatic tour culminating in the summit of BRICS emerging economies starting on Sunday in Brazil.
Diplomats from both countries at the meeting, which included a lunch, decided to “deepen bilateral relations and commercial ties,” according to a statement from the Argentine presidency. Indian foreign ministry diplomat Periasamy Kumaran told reporters Modi “requested Argentina’s support in expanding the India-Mercosur preferential trade agreement.” The Mercosur regional trade bloc, comprising Argentina, Brazil, Paraguay, Uruguay, and Bolivia, is seeking closer ties with Asian economies in the face of Trump’s global trade war.
“The two leaders discussed the necessity of diversifying and expanding bilateral trade” in sectors including defence, technology, and health, said Kumaran. They also touched upon cooperation in the energy sector, including gas and petrol, as well as lithium, a key mineral for the clean energy transition. Argentina is the world’s fifth largest producer of lithium, according to the US Geological Survey.
“Excellent meeting with President Javier Milei of Argentina,” Modi wrote on X of the leaders’ second bilateral talks. “We have covered significant ground in our bilateral relations, but we agree that the journey ahead is even more promising!” India was Argentina’s fifth largest trading partner in 2024, with bilateral trade up 33 percent, according to figures from the Indian external affairs ministry.
© 2024 AFP
